Will Moderate For Cigars
Date registered: Apr 2005
Vehicle: 2002 ML320, 2005 S430 4MATIC, 2010 F150 Crew Cab
Location: City on the TN River
Mentioned: 3 Post(s)
Quoted: 210 Post(s)
RE: Is this one of those Buyer Hoax's?
It is known in our circles as "the Bank of London" scam. Why it was called that is because it began with individuals writing bad checks on an account with the Bank of London (UK). Actually there was no money in the account since it was either closed or the checks themselves, were fakes. You would have gotten their check and deposited it. Of course, your funds would not be available for 10 days since it was an offshore account. However, when you wrote the check to them, their "agent" would immediately cash it out at your bank taking the money and leaving you stuck, not only with an unsold car but out the $7,050!
These scams are designed to be confusing so the average person would think they are on the up and up. Usually, the con artists offer you more money than you are asking for the car for "your trouble". I actually had a co-worker that almost fell for this! I advised him to steer clear, since it was much better to try to sell his truck to an actual local individual.[:)]